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AXIA NETMEDIA J T.AXX

"Axia Netmedia Corp owns, operates and sells services over fibre optic communications networks. Its reportable segments are The Covage segment and The North American segment."


TSX:AXX - Post by User

Bullboard Posts
Post by inforcashon Sep 22, 2010 2:53pm
493 Views
Post# 17480093

Contract in Spain

Contract in Spain

Axia NetMedia Corporation and IMAGINA Media Audiovisual have been awarded the Xarxa Oberta Project in Catalonia

CALGARY, Sept. 22 /CNW/ - Axia NetMedia Corporation (Axia) announced today that the Catalan regional government, the Generalitat of Catalonia (the Generalitat), through its Centre for Telecommunications and Information Technologies (CTTI) has awarded a 20 year contract to carry out the Xarxa Oberta (Open Network) project to the joint venture between Axia and IMAGINA Media Audiovisual (IMAGINA) after a public bidding process.

The fibre network will connect the corporate sites of the Generalitat and the municipalities all across Catalonia. The network will initially be deployed in the sites with available infrastructure and then for all the municipalities and sites of the Generalitat in the Terres de l'Ebre area. The excess capacity of the network will be leveraged to provide connectivity services to the wholesale market where the network is deployed, on terms determined by the European Commission.

The network will connect 696 buildings and 95 municipalities and provide large capacity to increase public service productivity in the fields of health, education, justice and safety. The amount of the award by CTTI is (euro)253 million over the 20 year term and Axia and IMAGINA will be responsible for up to a (euro)68 million investment.

Each company will contribute their own proven expertise to the success of this project. IMAGINA is the leader within the audiovisual industry, both at a regional level in Catalonia and at a national level in Spain and bring their knowledge of the Catalan environment, supplier search and contracting tasks, preferably with Catalan providers, and permanent monitoring. Axia contributes to the project with their proven experience and competence in large-scale Next Generation Network developments and projects.

Axia sells Real Broadband(TM) and passive services on Next Generation Networks that have implemented the Axia NGN Solution. The Axia NGN Solution has been implemented in Alberta, France and Singapore. Axia trades on the Toronto Stock Exchange under the symbol "AXX".

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